Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for National Bankshares Inc (NASDAQ: NKSH) improved during the last several trading days. NKSH’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
National Bankshares Inc (NASDAQ: NKSH) stock suffered a large decline of -5.1% on 4/12/24. The stock closed at $29.05. However, this decline was accompanied by below average trading volume at 73% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -9.4% during the last week.
Current PriceTarget Research Rating
NKSH’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
National Bankshares has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. National Bankshares has a neutral Appreciation Score of 55 but a very high Power Rating of 87, triggering the Positive Value Trend Rating.
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